Victory Capital (NASDAQ:VCTR) Price Target Lowered to $49.00 at UBS Group

Victory Capital (NASDAQ:VCTR) had its price objective reduced by UBS Group from $50.00 to $49.00 in a research note issued to investors on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research analysts also recently commented on the stock. Morgan Stanley boosted their price objective on shares of Victory Capital from $32.00 to $39.00 and gave the company an underweight rating in a research report on Wednesday, May 15th. BMO Capital Markets reaffirmed an outperform rating and set a $57.00 price objective (up from $55.00) on shares of Victory Capital in a research report on Monday, May 13th. B. Riley boosted their price objective on shares of Victory Capital from $48.00 to $57.00 and gave the company a buy rating in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price objective on shares of Victory Capital from $43.00 to $45.00 and gave the company a neutral rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada lifted their target price on shares of Victory Capital from $47.00 to $56.00 and gave the company an outperform rating in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $51.57.

Victory Capital Stock Performance

Victory Capital stock opened at $50.99 on Wednesday. The firm’s 50 day simple moving average is $50.15 and its 200-day simple moving average is $43.09. The company has a market cap of $3.30 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 0.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.71 and a quick ratio of 0.71. Victory Capital has a fifty-two week low of $28.66 and a fifty-two week high of $54.94.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. Victory Capital had a net margin of 26.28% and a return on equity of 29.23%. The firm had revenue of $215.86 million for the quarter, compared to the consensus estimate of $219.14 million. As a group, equities research analysts predict that Victory Capital will post 5.21 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th were paid a $0.37 dividend. The ex-dividend date was Monday, June 10th. This is a boost from Victory Capital’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a yield of 2.90%. Victory Capital’s payout ratio is 45.40%.

Institutional Trading of Victory Capital

A number of institutional investors have recently added to or reduced their stakes in the business. Capital World Investors lifted its stake in shares of Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock worth $94,278,000 after buying an additional 1,025,954 shares during the last quarter. Swedbank AB bought a new stake in Victory Capital in the 1st quarter valued at $29,701,000. Vanguard Group Inc. grew its holdings in shares of Victory Capital by 16.4% in the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after purchasing an additional 527,190 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Victory Capital by 426.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company’s stock worth $20,310,000 after purchasing an additional 477,798 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Victory Capital by 35.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company’s stock worth $47,138,000 after purchasing an additional 288,280 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.